Assume That Constant Returns to Scale Exists and That N

question 22

Multiple Choice

Assume that constant returns to scale exists and that N and K both increase by 2%.Given this information,we know that

• A)output (Y)will increase by 4%.
• B)Y will increase by 2%.
• C)Y will increase by less than 2%.
• D)Y will increase by less than 4% and more than 2%.

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Definitions:

Stressful Day

A day filled with high levels of stress, often due to challenging or overwhelming situations.

Bipolar Disorder

A mental disorder that causes unusual shifts in mood, energy, activity levels, and the ability to carry out day-to-day tasks.

Depression

A psychiatric condition marked by a persistent feeling of sadness, lack of interest, and can lead to a variety of emotional and physical problems.

Mania

A mental state characterized by excessive excitement, energy, and euphoria, often seen in bipolar disorder.